Lockton Posts Record Revenue for 2018
Privately held broker Lockton in July 2018 announced posted record revenue of $1.57 billion in its recently completed fiscal 2018, a 9.9 percent increase above fiscal 2017. This is the 52nd consecutive year of revenue growth for Lockton.
The company posted organic growth in the U.S. of $84 million, or 7.7%, with the employee benefits business leading the way with 14.1% year-over-year revenue growth. Lockton’s international operations grew 10.9 percent, surpassing the £300 million mark for the first time.
Lockton has also earned several significant honors in the past year, including:
- JD. Power Award for highest performing large commercial broker.
- Best Places to Work in Insurance for the ninth year from Business Insurance magazine and Best Companies Group.
- America’s Best Mid-Sized Employers award from Forbes for the third year.
- Cyber brokerage firm of the year from Insurance Insider magazine in the UK.